Clifford Chance

Hong Kong Court of Appeal confirms win for bank in mis-selling case

30 June 2016

The Court of Appeal recently unanimously upheld the first instance decision in DBS Bank (Hong Kong) Ltd v Sit Pan Jit, handed down in April 2015. In rejecting every ground of appeal raised by the appellant, the Court of Appeal found that the approach adopted by the judge at first instance was "impeccable" and that there was nothing to indicate that the trial judge's decision should be overturned. However, with the introduction of a "suitability requirement" in client agreements, cases like this may become academic and banks will need to document their interactions with customers even more closely.  

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